Indian Hotels Q2 net loss narrows down to Rs 53.64 crore

The company had posted a net loss of Rs 97.69 crore for the corresponding period of the previous fiscal, Indian Hotels said in a BSE filing.NEW DELHI: Tata group's hospitality firm Indian Hotels Company on Monday reported narrowing of its consolidated net loss at Rs 53.64 crore for the September quarter.

The company had posted a net loss of Rs 97.69 crore for the corresponding period of the previous fiscal, Indian Hotels said in a BSE filing.

The consolidated net sales of the company rose to Rs 1,020.58 crore for the quarter under review as against Rs 937 crore during the same period a year ago.

Indian Hotels Company Ltd (IHCL) and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces.

Shares of Indian Hotels Company on Monday closed at Rs 99.45, up 5.18 per cent on BSE.